Writer, Investor, Advisory Director, Berkshire Partners – Professor of Practice, Fletcher School Tufts University
Excess is built into the economics of the industry at every step of the value chain, writes Kenneth P. Pucker.
https://www.businessoffashion.com/opinions/sustainability/fashion-waste-business-model-design/?utm_source=newsletter_dailydigest&utm_medium=email&utm_campaign=Daily_Digest_201223&utm_term=R7CCWIZCQJD3ZPWK6R3U72MNQA&utm_content=top_story_2_title
Join us for a frank discussion on ESG, climate investing, and the need for government policy through taxes and subsidies to push companies into doing the right thing for the climate crisis. As our guest Ken Pucker, former COO of Timberland, says, ESG has no impact on saving the planet. Ken talks about the challenges for all of us in understanding when and where real Capital is invested in impacting climate change. Ken argues that better accounting on externalities alone is not enough. We need to price externalities to drive real behaviour change. Hence, the role of government policy is to play a role with taxation and subsidies to reward good behaviour and punish bad. A Podcast by Tec Sounds.
A growing body of consumer surveys suggests interest in sustainable consumption is reaching a tipping point. Those surveys are deeply flawed, writes Kenneth P. Pucker.
Most of the world’s biggest fashion companies have committed to radically reduce their greenhouse gas emissions. Though it’s a complex challenge, how to deliver is no mystery.
That is, in part, because there is a cottage industry of consultants advising brands on decarbonisation strategies. As but one high-profile example, trade group Global Fashion Agenda (GFA) and McKinsey co-authored a report in 2020 laying out a comprehensive roadmap to cut fashion greenhouse gas emissions by just over 50 percent by 2030. The analysis shows that more than half the recommended actions will also result in cost savings.
And yet, the industry’s greenhouse gas emissions continue to trend in precisely the opposite direction.
https://www.businessoffashion.com/opinions/sustainability/fashion-brands-curb-climate-impact-why-not-inaction/
A crop of fashion accolades have been awarded to fashion brands, recognising progress in circularity and other sustainability goals. It’s a double-edged sword, experts say.
https://www.voguebusiness.com/sustainability/the-problem-with-fashions-sustainability-awards-gucci-cnmi